Watch: The Paradise Papers – Secrets Of The Global Elite h/t MK & DM
A key aide of Canada’s PM is linked to offshore schemes that may have cost the nation millions of dollars in taxes, the Paradise Papers show.
The revelations may embarrass Justin Trudeau, who has campaigned against tax havens.
The leaks pose questions about the actions of Stephen Bronfman, chief fundraiser for Mr Trudeau’s Liberal Party as well as ex-senator Leo Kolber.
Lawyers for them said no deals had tried to evade tax and all were legal.
Canadian broadcaster, CBC, and the International Consortium of Investigative Journalists have been spearheading this investigation as part of the Paradise Papers leaks.
They said a trove of documents found in the files of Appleby, the offshore law firm that is the main source of the leaks, suggested that Mr Bronfman’s investment firm, Claridge, had for more than 20 years moved millions offshore for the Kolber family.
From CBC – Trudeau’s chief fundraiser linked to Cayman Islands tax scheme
More… Paradise Papers: Tax haven secrets of ultra-rich exposed
“Among the Canadians whose names have been mentioned in connection with the Paradise Papers are Stephen Bronfman, a financier for one of Canada’s wealthiest families and chief fundraiser for Justin Trudeau, as well as former prime ministers Jean Chretien, Paul Martin and Brian Mulroney.
Bronfman and his godfather, 88-year-old retired senator Leo Kolber, are linked in a complex offshore tax structure that has stashed $60 million (U.S.) in a tax haven, the Toronto Star reports.”